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The New York Fed will conduct additional overnight repurchase agreement (repo) operations each afternoon for the rest of the current monthly operational schedule, bringing each day's offered amount to
The Federal Reserve may roll out another round of liquidity tools next week to bolster markets, beyond the ones they're already using, writes NatWest Markets strategist Blake Gwinn in a note.via Bloom
The Fed's "frantic asset purchase pace" could push bank reserves toward the $3T levels, Barclays strategist Joseph Abate wrote in a note.via Bloomberg.Still, he acknowledges it's hard to proje
Lenders and credit-reporting firms are trying to work out what they might do to help consumers in what may be the biggest credit crunch since the Great Depression, the Wall Street Journal reports.The
If the the five industries most stressed by the coronavirus and oil price slump were to draw as much as 70% from their lines of credit, that could pull a total of ~$700B from the six biggest banks' li
Though just a month ago, the Fed was expecting to taper off its repurchase agreement (repo) operations in April, the central bank has apparently scrapped that plan as it faces the economic fallout fro
Federal regulators are looking at easing liquidity rules on the nation's banks to help lessen the pressure on them caused by the coronavirus pandemic, CNBC reports, citing unnamed sources.The Office
Baird analyst David A. George sees the Fed's 100-basis point rate cut creating ~15% headwind for banks' EPS.But with banks capitalized to weather a protracted recession, "look to add sector exposu
The New York Fed's Open Market Trading Desk will conduct an additional overnight repo agreement operation from 1:30PM-1:45 PM ET for up to a total offered amount of $500B."This action is taken to

Big banks will be fine, Mnuchin says

03:10pm, Monday, 16'th Mar 2020
The U.S.'s largest banks will weather this market downturn, in contrast to their precarious state in the 2008 financial crisis, Treasury Secretary Steven Mnuchin tells CNBC."The Fed is ahead of th

Coronavirus And The Banking System

02:17pm, Monday, 16'th Mar 2020
Although the implications of the covid-19 virus are severe for a small segment of the population, for most of us the impact is likely to be minimal. The implica

A look into the Fed's crisis toolkit

07:48pm, Thursday, 12'th Mar 2020
As an oil price war and the spread of coronavirus roil markets with little indication that the volatility will abate, analysts and economists are expecting the Fed to go beyond interest rate cuts and

Bazooka? Fed jacks up repo operations

05:12pm, Thursday, 12'th Mar 2020
The Fed makes a number of changes "to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak."The three major U.S. stock averages pare their
Private equity giant Blackstone Group (NYSE:BX) is asking portfolio companies it controls to draw down their bank credit lines as a way to ensure that they'll have enough liquidity amid increasing sig
The Fed is adding more liquidity to short-term funding markets by boosting overnight and term repurchase agreement operations.The New York Fed's Open Market Trading will offer at least $175B in daily
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